Mass pension moveable $ 1B in hedge funds

The Massachusetts Pension reserves investment is $ 1 billion in hedge funds and another billion for local currency emerging markets debt.

50.3 Billion dollar pension is also cut three billion dollars from shares as part of the new allocation plan as an asset, a pensions and investments, the report.

The changes were approved Tuesday and will cut Prim ' S global equity allocation to 43 percent from 49 percent, with the reduction, which focused on International shares and domestic large-cap shares.

Steve Grossman, Massachusetts state Treasurer and PRIM President, said transferring the asset mix of the current assignment may take up to nine months, pensions and investment reported.

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